BOIL vs. ^DJUSEN

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN).

BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011.

Performance

BOIL vs. ^DJUSEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN). The values are adjusted to include any dividend payments, if applicable.

BOIL vs. ^DJUSEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOIL ProShares Ultra Bloomberg Natural Gas	-33.36%	-58.98%	-60.75%	-92.00%	-31.85%	23.84%	-74.74%	-67.70%	-20.55%	-65.72%
^DJUSEN Dow Jones U.S. Oil & Gas Index	31.66%	4.71%	3.58%	-4.37%	56.42%	47.58%	-36.74%	6.42%	-21.15%	-4.21%

Returns By Period

In the year-to-date period, BOIL achieves a -33.36% return, which is significantly lower than ^DJUSEN's 31.66% return. Over the past 10 years, BOIL has underperformed ^DJUSEN with an annualized return of -55.80%, while ^DJUSEN has yielded a comparatively higher 6.87% annualized return.

BOIL

• 1D: -5.33%
• 1M: -14.17%
• YTD: -33.36%
• 6M: -52.97%
• 1Y: -80.61%
• 3Y*: -65.17%
• 5Y*: -62.88%
• 10Y*: -55.80%

^DJUSEN

• 1D: -3.72%
• 1M: 4.25%
• YTD: 31.66%
• 6M: 31.97%
• 1Y: 26.68%
• 3Y*: 13.05%
• 5Y*: 19.01%
• 10Y*: 6.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BOIL vs. ^DJUSEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOIL

BOIL Risk / Return Rank: 2
BOIL Sharpe Ratio Rank: 2
BOIL Sortino Ratio Rank: 2
BOIL Omega Ratio Rank: 2
BOIL Calmar Ratio Rank: 0
BOIL Martin Ratio Rank: 2

^DJUSEN

^DJUSEN Risk / Return Rank: 61
^DJUSEN Sharpe Ratio Rank: 72
^DJUSEN Sortino Ratio Rank: 65
^DJUSEN Omega Ratio Rank: 65
^DJUSEN Calmar Ratio Rank: 61
^DJUSEN Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOIL vs. ^DJUSEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BOIL	^DJUSEN	Difference
Sharpe ratio Return per unit of total volatility	-0.67	1.08	-1.75
Sortino ratio Return per unit of downside risk	-0.97	1.46	-2.43
Omega ratio Gain probability vs. loss probability	0.88	1.21	-0.33
Calmar ratio Return relative to maximum drawdown	-1.00	1.47	-2.48
Martin ratio Return relative to average drawdown	-1.35	3.79	-5.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOIL vs. ^DJUSEN - Sharpe Ratio Comparison

The current BOIL Sharpe Ratio is -0.67, which is lower than the ^DJUSEN Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of BOIL and ^DJUSEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BOIL	^DJUSEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.67	1.08	-1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	0.74	-1.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.55	0.23	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	0.21	-0.83

Correlation

The correlation between BOIL and ^DJUSEN is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BOIL vs. ^DJUSEN - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, which is greater than ^DJUSEN's maximum drawdown of -77.35%. Use the drawdown chart below to compare losses from any high point for BOIL and ^DJUSEN.

Drawdown Indicators

	BOIL	^DJUSEN	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-77.35%	-22.65%
Max Drawdown (1Y) Largest decline over 1 year	-82.08%	-18.60%	-63.48%
Max Drawdown (5Y) Largest decline over 5 years	-99.88%	-25.73%	-74.15%
Max Drawdown (10Y) Largest decline over 10 years	-99.98%	-70.18%	-29.80%
Current Drawdown Current decline from peak	-100.00%	-5.72%	-94.28%
Average Drawdown Average peak-to-trough decline	-93.51%	-22.89%	-70.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.88%	7.25%	+53.63%

Volatility

BOIL vs. ^DJUSEN - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 29.37% compared to Dow Jones U.S. Oil & Gas Index (^DJUSEN) at 6.47%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ^DJUSEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOIL	^DJUSEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.37%	6.47%	+22.90%
Volatility (6M) Calculated over the trailing 6-month period	109.37%	14.30%	+95.07%
Volatility (1Y) Calculated over the trailing 1-year period	120.58%	24.89%	+95.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.63%	25.86%	+92.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.93%	30.38%	+71.55%